Monday, March 31, 2014

Efforts to reduce government support for the largest U.S. mortgage companies are gaining momentum , but the question now is: How much more could cost homebuyers if Congress reduces the size of Freddie Mac and Fannie Mae or the closing completely?
Recall that Freddie Mac and Fannie Mae collapsed in 2008 after posting huge losses on mortgages that ended badly too . In reality , companies do not make loans for housing, buy mortgages lenders , which are then packaged into bonds and sold to investors. For years , that helped the banks to reduce risk in their balance sheets.

Also released more money to lend , so that helped keep interest rates low . If borrowers failed to comply , the companies agreed to pay to investors because they had an implicit guarantee of the U.S. Government .

This system worked for many years until the housing market bubble burst, and the government rescued Fannie and Freddie with a bailout of nearly 200,000 million.

It is now clear that no one , especially the taxpayers, wants to revive the crisis, or pay for new bugs . And on Tuesday , U.S. President Barack Obama joined this " mantra " that calls for changes in Freddie and , similar to the Fannie bipartisan Senate plan that phased companies within five years and reduce the role of government in guaranteeing mortgage securities.

The idea of ​​reducing their size is nothing new . Since 2010, if not before , Republicans in particular have called for reducing the size of the mortgage giants . What differentiates current efforts is that the housing market has rebounded well and Freddie and Fannie , which guarantee 80% of all new home loans in the United States.

Under the latest proposals , taxpayers receive more protection , but that some costs will likely lead to the average home buyer by paying higher interest rates .

The chief economist at Moody 's Analytics , Mark Zandi, has made some estimates. If he's right , as the Senate plan , the typical homeowner with a $ 200,000 and 20 % down payment you could pay about $ 75 more per month in interest on a mortgage to 30 years, or about half a percentage point . Under the White House plan , which practically privatize the mortgage market , borrowers pay on average about $ 135 more per month.

Nobody is saying still shrink Fannie and Freddie will destroy the housing market. No doubt many other important details are unclear.

In addition to paying more in interest , borrowers could pay even more , if only indirectly, to an insurance fund administered by the government. Under the Senate plan , the Government will continue to play an important but limited role in the mortgage market by creating a Federal Mortgage Insurance Corporation (Federal Mortgage Insurance Corporation or FMIC ) .

This would be similar to the way the Federal Deposit Insurance Corporation (FDIC , for its acronym in English ) insures bank deposits. The FMIC insurance premiums charged to the industry and maintain an insurance fund , which come into play when a " substantial amount " of private capital has been exhausted , according to the Senate bill supported by Senators Bob Corker (R Tennessee and Mark Warner (D- Virginia) .

The question is what is considered a " considerable amount " . It is also uncertain how much premiums could cost lenders and how much of that cost would be passed on to borrowers.

Perhaps the most important question of all is this : If the mortgage market entirely left to the private sector would cease to exist popular fixed rate mortgage to 30 years ? This will depend largely on the creation of a FMIC , which absorb many of the risks associated with long term this type of loan , says Zandi .

If the mortgage industry is left entirely to the free market, would be less likely that lenders offering such benefits that have made the purchase more affordable for many borrowers .

Saturday, March 29, 2014

It is becoming very clear that the increase in mortgage rates are having a significant impact on the housing market. The latest weekly survey from the Mortgage Bankers Association (MBA) mortgage applications showed a collapse in numbers in all areas.

Mortgage applications for the week ending 6 September fell 13.5% from the previous week. It is a five-week low.

Refinancing activity fell 20% to its lowest level since June 2009. The average 30-year mortgage rate rose to 4.80% from 4.73% a week ago.

The house no longer has the wind that used to have.

The fund manager Jeffrey Gundlach, in a webcast, referred to the current bearish trend rate mortgages MBA. But more importantly, he noted that the index never recovered with other major housing indicators.

Thursday, March 27, 2014

Almost half of the condos that are under construction in Miami and South Florida region are funded by Latin American capital , especially from Argentina , Brazil and Mexico , revealed Neiesen O. Kasdin , Vice President of the Board of Directors of the Development Authority Downtown Miami and former mayor of Miami Beach.

Until August 2013 , the housing market in Miami- Fort Lauderdale grew 15.2 % compared to the same month of 2012 , adding 170,200 million ( million dollars ) , according to a report by market researcher Zillow .

Of this amount, at least 31 % of capital anchored new investment comes from abroad , including Central and South America , Kasdin said during his participation at the Annual Conference of the Urban Land Institute ( ULI ) marketplace .

Currently , in South Florida are under construction two developments that have Mexican capital :

Vavrus Ranch is an urban development in which more than 10,000 million dollars will be invested and will seat 20,000, through the construction of 7,600 homes, 185,800 square meters of offices and a profitable campus for 4,000 students Keyser University. All this around a river that passes through West Palm Beach side. The project sits on one of the most extensive grounds of Palm Beach, for that last December the company Landstar Development Group paid 20 million dollars.

The other development is 396 Alhambra Circle, a commercial building in Coral Gables, with 25,360 m2 of leasable area , which will be the main tenant at Citibank , developed by Agave Holdings, specializing in the acquisition and development of commercial property company. Agave Holdings also owns SBS Tower, 27,700 m2 profitable in Miami.

Slim and Chapur family

In Miami, entrepreneurs like Carlos Slim and Chapur family and for several years managed property portfolios . The home of Carlos Slim 's portfolio includes some offices , while the properties of the Chapur family are related to the tourism industry , through its brands Palace Resort , Le Blanc and Hard Rock franchise .

To Kasdin , featuring Miami for Latin American capital because it is a global city of great influence in business south of the Rio Bravo. The proof is that nine of the 30 banks with foreign capital established here are Latin Americans.

Moreover, the growth of the middle and upper classes in the region makes it look as an alternative destination of residence for this year are being built in South Fliorda about 150 new condos , which will mean 20,200 residential units . " About half are projects with Latin American participation ," says Kasdin also responsible for investor relation firm Akerman Senterfitt .

Wednesday, March 26, 2014

Housing prices in the U.S. fell 0.1% in January for the third consecutive month due to bad weather that has been part of the country. In total, 12 of the 20 cities that analyzes the S & P / Case-Shiller Composite 20 recorded negative rates in their prices.

In annual terms, housing prices rose 13.2% in January, down from the 13.4% increase in December.

Monday, March 24, 2014

The architectural competition in the United States for the construction of skyscrapers now comes to Miami , where a real estate developer plans to build a tower over 300 feet tall , which would make , to overcome all the requirements, the highest in the " sunshine capital " .

The so-called Skyrise will rise at the heart of "downtown " (city center) of Miami, with a sleek, aerodynamic design , air ramp launching spacecraft , which built, would be not only the tallest skyscraper the city, but the most striking.

With 305 meters high , the spectacular observation tower and leisure center will dominate the entire city of Miami, an initiative which , apparently , has already received approval from the Federal Aviation Administration and airport authorities.

The design of the slim metal tower , open at the sides , will be in charge of the Miami firm Arquitectonica, the same charge of design large entertainment center and casino planned by the Malaysian group Genting .

The tower will have three balconies, a restaurant , a nightclub , a flight simulator , meeting rooms and a room for interactive exhibits, among other deals, the website said Skyrise , although still some mystery about its construction remains .

The Miami Skyrise is an " iconic building of the great city of Miami, located just minutes from Miami Airport and next to the port, the American Airlines Arena" and important museums , he said.

According to The Miami Herald, Jeff Berkowitz, of Miami, is the developer responsible for the project, Tishman Construction and Coastal Construction as general contractor .

The construction of skyscrapers, still in embryo, begin in mid- 2014 and conclude in mid- 2017 , while generate more than 7,100 jobs during its development phase and another 17,000 after opening.

The plan for the construction of this amazing work of engineering will be presented on December 2 and " consolidate to Miami in the list of the world's great cities ," the newspaper said Berkowitz .

Construction of the skyscraper will have a total economic impact in Miami, during its development, more than 880 million dollars and 1.3 billion dollars a year after opening , Skyrise said in its website .

Friday, March 21, 2014

The CEO of the company Armco Real Estate, Peter Smale, confirmed the filing of an overall plan that he believes complies with the most recent zoning changes . "I feel the good will of the council ," let he heard.

According to the plans obtained by The Guardian , less than half of the 500,000 square feet would be demolished to highlight the richest buildings and architectural heritage plans. The developer hopes to keep the buildings around 1900 .

This real estate project , including public and residential and commercial vocations , especially include loft style condominiums , commercial offices as well as indoor and outdoor parking . Mr. Smale also opens the door for a possible convention center, artists' studios and a kindergarten .

Technological Park of international quality as desired by Magog Technopole and the City of Magog, might be accommodated in a proportion ranging from 10% to 20% of the total space . "We have discussions with Magog Technopole and others interested in establishing businesses in our walls , but nothing is signed yet ," he says .

This project is not officially launched , but the promoter has four phases totaling $ 100 million , and over a period of 15 years. " As soon as possible " remains the objective of the developers, but the file will change depending on the permissions to obtain agreements to sign and market response .

The transformation of the former Paton plant in Sherbrooke, is a model to follow, but Mr. Smale says he is not the only source of inspiration for the conversion of the former Dominion Textile.

A partnership become

Difco was sold to Consoltex in 2011, a company that works particularly in the textile sector. Still owns the old part of the Dominion Textile , she announced in September 2013 its intention to form a partnership with Armco Estate, Magog Technopole and a major financial institution to transform the old places .

Founded in 1982, Armco Capital has built a small business that has become a diversified group of companies. Consoltex is a subsidiary of Armco and Armco Capital Real Estate is a subsidiary real estate development in Quebec Armco Capital.

Over the years , Armco has diversified into commercial, industrial and institutional sectors , as well as asset management . The company continues to diversify and grow both nationally and internationally and has to date properties in Nova Scotia , New Brunswick, Quebec , Atlanta , Florida as well as Texas.

Friday, March 14, 2014

Some areas of Southwest Florida have seen steady price decreases during the first two months of 2014 . This was after an estate price run up that lasted more than two years .

Now Real Estate Agents- Brokers see more hesitant buyers . Houses stay on the market longer and prices are falling in some cases, in order to encourage buyers to make offers .

In Cape Coral, for example , one of the hottest markets in Southwest Florida in 2013 , there has been a lot of new home construction . Prices escalated dramatically in 2013 , and sellers were able to reverse the properties of high demand in a few weeks .

But that began to change in December ' 13. Now, according to the Real Estate Agent Joan Cutler, « there are between 400 and 700 decreases every day that passes . " It is also becoming more difficult to sell older homes and vacant land because of the large selection of new homes built in the last two years .

According to Michael Schneider- Christians , another agent Cape Coral, about 400 entries coming from the stream to the area of ​​Cape Coral every day , but there are only about 100 pending sales per day . This simply means a constantly growing inventory of homes , and a much more select group of buyers . It is not uncommon for the price of housing that was over $ 1.2 million have fallen back down below $ 1 million . Which is to reduce by 20 % .

Real Estate Agents- like Schneider- Christians consider this a correction in some pretty realistic increases took place in 2013 . Many waited likely will be at least two years before prices start to move up again .

A segment is not likely to change much is the market are $ 250,000 . In some provinces of Florida , who now represents the entry level , and there is great competition for newer homes sell for that price .

And real estate people also expect to see some secondary effects of the hot neighborhoods such as Naples , Fort Myers and Cape Coral other counties north where prices do not see such a dramatic increase in ' 13.

** The commercial real estate remains strong

Commercial real estate development is held back by housing characteristics . This is due to the fact that licenses should be issued , environmental studies , and extensive funding arrangements . For example, real estate specialists in the area of ​​Cape Coral expect a regional mall to be built , but it would take up to seven years to complete.

That can be a good thing for developers commercial real estate, because when residential growth slows , commercial development is likely to play catch up. The influx of new residents who came to the new home construction requires the accumulation of retail and office space to serve the new population .

The commercial sector in the last year saw a huge increase in construction in Fort Myers and Cape Coral. Permits were issued for 2,143 units in 2005 - an increase of 78 percent over 2012.

But experts believe there is plenty of demand to absorb this kind of development . Vacancy rates remained low in all sectors for trade : 3.7 percent total 2.8 % for retail, 6.4 percent for office and 4 percent for industrial and flex space.

So if there is a slight decrease in residential construction before sizzling hot areas of South Florida , we can expect commercial construction to take up the slack .

Tuesday, March 11, 2014

Brazilians , Argentines and Venezuelans, largely but Colombians and Ecuadorians, cast his gaze northward to invest in real estate.

Lauren Bazante , real estate agent signing PFS Realty in Miami , said that after several years , the market always shows very good opportunities, although he observed, prices tend to stabilize.

After the U.S. housing crisis , blowing winds for best activity.

In fact, Bazante reported the emergence of new projects , which capture buyers with incentives like payment condo finishes and for six months, to name a few .

In fact , encouraging investment in projects new, somewhat discouraged the secondary market , then, according to the advice resale looks unattractive compared to the option of purchasing a new home , for the repairs or improvements you end up spending more .

Considers that it is possible to get good prices from $ 100,000 ( one bedroom , one bathroom ), although no - highlights - the best things in Florida.
Pembroke Pines, Brickell , Doral , Miami, Coconut Grove and Aventura, stand out as the areas that are revalued .

"There is a love affair between Brazilians and Miami that has helped their economies ," said Rolando Aedo , senior vice president of the Convention and Visitors Bureau of Greater Miami.

In 2013 the Brazilian dethroned as the leading Canadian and international tourists exceeded the purchase of property . Last year 690,000 Brazilians visited Miami , up 8.8 % compared to 2012 and spent an estimated $ 1,500 million, according to preliminary figures.

" For us it was very important , tourism has lifted the economy in general and in the center of the Brazilian tourism are in real estate, trade and business are opening ," says Aedo .

A year after the crisis began , the unemployment rate in Miami- Dade County hovered nearly 12 % , the construction sector began to collapse and increased the number of properties passed into the hands of banks.

In addition to geographical proximity between Miami and the main Brazilian cities , separated by about eight hours of flight on average, the high quantity of flights between Brazil and Florida contributes to the " heavy flow of tourism that is observed now," says the Consul General of Brazil in Miami, Hélio Vitor Ramos Filho.

Currently there are 123 weekly flights between Brazil and Florida, and " the Consulate General has information suggesting that this offer will be extended " by the end of the year.

Sustained economic growth in Brazil is also a factor , since today most Brazilians can travel abroad than 10 or 20 years ago. The foreign currency exchange , finally, always influences travel decisions of the nationals of any country, and the same is true for Brazil , illustrates the diplomat.

Aedo describes as " incredible " the impact of the Brazilian economy in South Florida and forecast to have an explosive growth in tourism if the U.S. government approves Brazil visa - waiver program . In this match the Brazilian consul.

"If Brazil was included in the visa - waiver program would probably have a blast of Brazilian tourism to the United States. Requiring visa remains a barrier for many potential travelers of Brazil to the United States because, in Brazil , the application process visa may represent additional travel costs and domestic accommodation, increasing significantly the cost of visit, " he explains.

Log in to the program is a decision of the U.S. authorities, so the Brazilian diplomat believes it is not possible to know if the Brazilians will benefit from it this year. But the issue is the subject of ongoing dialogue between the foreign ministries of both countries , " new developments can occur throughout the coming years."

A positive aspect that stands out is that the U.S. diplomat has reduced the waiting time for a visa in Brazil , " which has resulted in an increase in the number of Brazilian tourists " .

Aedo explained that in 2013 several systems were implemented to handle more tourist visas and other categories and mentioned that the increased number of staff at the consulates to process visas , thus the waiting time down from 100 days at the beginning of this year to five days.

for Sale

The purchasing power of Brazilians has benefited the other pillar of the Miami economy : real estate. In 2012 outperformed the Canadian and international buyers in South Florida.

Liza Mendez, president-elect of the Realtors Association of Miami and the company owns Pedro Realty International, says that Brazilians accounted for 60 % of international buyers in Miami last year.

Hélio Vitor Ramos Filho said that in recent years there has been an increase in purchases of property by the Brazilians, " a phenomenon that can be attributed in part to the financial crisis of 2009 and the consequent cheapening of properties in the state. few Brazilian cities have also suffered with the overvaluation of real estate " , which increases the appeal of Miami for their low prices .

According to available figures, 61 % of these " new neighbors " bought condos (in 2012 it was 53% ) . 42% acquired the property for holidays, and 67 % prefer the Miami -Fort Lauderdale.

" The impact has been very positive because it has helped boost the real estate sector . Still coming , Brazilians are strong and that creates a chain of impacts in restaurants and shopping centers ," he says .

Monday, March 10, 2014

This area , brand new, is located in the upscale neighborhood of Miami, one of the fastest growing American cities . It consists of a main property , a house for guests and a large indoor pool. Nearly 1,000 m2. Everything comes fully decorated. There are even paintings on the walls : two Picasso and Rembrandt. A gem for which the developer calls the tune of $ 28 million . Very expensive ? Maybe. But the United States , the market for luxury real estate is in full reboot. Florida 697 transactions exceeded five million in the past twelve months , an increase greater than 40 %.

As demand recovers, prices are on the rise. " + 30 % last year but we have not yet returned to the heights of 2007, before the crisis ," said Betty Graham. Inflation is seen in New York where buyers are snapping up apartments in three towers currently under construction in Manhattan. In the second quarter , the average price of a condominium in these new programs has climbed 7.93 million against 5.76 million in the first quarter , an increase of 37%. In early 2012, the daughter of Russian billionaire Dmitry Rybolovlev , bought a pied-à -terre in Manhattan for $ 88 million .

Three cities are most affected by the soaring prices : New York, Los Angeles and Miami. Destinations that attract billionaires from around the world . Thus, a French just paid $ 40 million for a house overlooking the beach in Malibu , near Los Angeles. A Chinese made a check for $ 34 million for a property on Sunset Boulevard in Beverly Hills. A very visible internationalization Florida : "30 % of real estate sales are made with 14% foreigners with Canadians ," said Betty Graham. With community groupings : many Chinese buy beautiful houses in Pasadena, northeast of Los Angeles. Others have difficult to understand behaviors. " The parents of a Chinese student pay him a suite 2.5 million in a Ritz-Carlton Hotel in Los Angeles, because it is close to the university ," said Betty Graham.

Versace 's house in Miami hard sell

Nonetheless, for these high-end goods, any failure is unacceptable . Thus, the beautiful Miami home where designer Gianni Versace was murdered in 1997 has struggled to find a buyer. Simply because if it is close to the sea it is also located a few meters from a busy road . It is therefore difficult to secure access . Result , the current owner Peter Loftin , who went bankrupt , put it on sale there six months.

At some point in 2014 , Florida will surpass New York in population terms , becoming the third most populous U.S. state , after California and Texas.

This turning point illustrates the growing influence of the Florida approach 20 million.

" Florida is a kind of icon of the 21st century with regard to changes in population and the increasing role that Latin America plays in the transformation of the country ," said James Johnson, a business professor at the University of Carolina North . In the 21st century , Florida will be what were California or New York in the 20th century , he predicts .

Florida includes in its territory several strong trends in the United States : the aging of the population , a service-oriented with lots of low-wage economy, and ethnic diversity fueled by the growth of the Hispanic population. As the entire United States, Florida is a destination for migrants and those who want to start a new life .

SLIDER ISLAND Florida

29 Electoral College votes vested in Florida are among the most coveted in the presidential election because Florida is the largest state of the country with no clear political affiliation.

New residents of Florida, as Michael Richards , 47, cited a series of reasons for their decision to settle in this state : climate, no local income tax , the availability of unskilled jobs and proximity to Latin America and Europe .

"We agree to live three months of hell ( summer) for nine months of good weather ," says Richards.

Although Florida is the U.S. state with the most residents over the age of 65, the elderly account for less than 10 percent of the new residents of the state for several years. The majority of newcomers aged 25 to 64 years , according to an analysis of census data conducted by the Associated Press. About 40 percent of the new residents are under the age of 25 years.

The population of New York is not declining, but the population growth in Florida is much faster. More than 537,000 people have settled in Florida last year, and about a tenth of them came from the state of New York.

As of July 2012, two states had a difference of about 98,000 residents : 19.6 million in the State of New York, compared with 19.5 million in Florida, according to census data published earlier this week .

Saturday, March 8, 2014

Nestlé reduced its stake in the world's number one cosmetics, French L'Oréal. Vaud food giant the back of 29.4 % to 23.29% as part of a transaction involving 6.5 billion euros ( nearly $ 8 billion) . Speculation about the future of Nestlé's participation in L'Oréal, 40 years old , were rife for weeks. The ax fell Tuesday after the publication by the French group a further increase in net profit and sales in 2013.

PHARMA : Despite the difficult market conditions in the United States , Actelion saw its net profit jump 49% year on year to 453 million francs in 2013. Confident after launching Opsumit successor to its blockbuster drug Tracleer , the Basel biotech group raised its outlook for 2014. Sales of Basel laboratory are they , expanded from 4% to 1.78 billion francs. Expressed at constant exchange rates , growth was 6% despite the negative impact of the strong franc and pressure on prices in Europe.

REAL ESTATE : Real estate transactions declined in 2012 , said the Cantonal Office of Statistics ( OCSTAT ) . The number of transactions on single-family homes was the lowest since 1996 and the lowest land since 1992. The 1945 real estate transactions recorded in 2012 represent a total of 4.5 billion francs. If the total value of transactions is similar to that of 2011 , the number of folds . The apartments for sale and Villas are the objects most frequently traded . They grouped 81% of transactions and 60 % of their value .

CONFLICT TAX: A former UBS banker intends to plead guilty in his trial before a court in Fort Lauderdale, in the U.S. state of Florida. Justice of the United States accuses Martin Lack of helping U.S. citizens to hide money from the IRS. Documents sent last week , however, not reveal the points on which the accused intends to plead guilty. A hearing is agendée 26 February.

INDUSTRIAL EQUIPMENT : The St. Gallen manufacturer of industrial equipment Bühler saw earnings decline by 20.9% last year to 123 million francs. Sales , already published in late January, was down 3.6% compared to 2012 , to 2.32 billion francs. The decline in revenue is relative, however . He had indeed jumped 13% in 2012 compared to the previous year.

AIR TRANSPORT : Swiss has slightly increased its passenger numbers in January. The airline controlled by the German Lufthansa Group welcomed last month to 1.14 million passengers in its devices, an increase of 0.3% yoy . At the same time , the number of flights has however declined by 2.4 % to 11'883 . The company also had its best fulfilled . The occupancy rate , an important indicator for the industry , rose 0.3 points to 77.6% for all flights .

MATERIALS : Glencore Xstrata has significantly increased its production of copper last year. The Zug giant raw materials extracted no less than 1.49 million tonnes , 26 % more than the year before . In its production report for the fiscal year 2013, the world's leading commodity notes that copper extraction is a reference activity . Multinational based in Baar has further strengthened this segment thanks to its merger in May with its neighbor, the mining group Xstrata .

INDUSTRY: Daetwyler separates its business trading, manufacturing and services grouped within the Maagtechnig sector. The Uri industrial conglomerate sold the unit for an undisclosed sum in Dutch society Eriks . The company based in Altdorf motivates the sale by its desire to refocus the division of technical components (Technical Components) on distribution activities , which generate higher income. Daetwyler added that the segment's operating margin is lower than those of competitors.

HOTEL : The Fribourg holding AEVIS raised its tender offer (OPA ) on the Victoria -Jungfrau luxury hotel group Bernese Collection ( DCV) . It now offers 310 francs by VJC title , against 305 francs before, and thus on the same level as the supply of Swiss Private Hotel . AEVIS , including the umbrella group of private clinics Genolier ( GSMN) , also acquired the 15.6 % stake in the hotel group Terramaris established in Interlaken. With participation increased to 29.16 % AEVIS becomes the largest shareholder of VJC .

CHEMISTRY : The Basel chemical group Clariant sells its water treatment in Africa in South African society AECI . The agreement relates to a sale price of 34 million francs in cash , and should be finalized by the end of the second quarter, he said. Activities offered for sale in 2013 have reached a turnover of some 41 million francs. A total of 210 employees in Africa are affected by this transaction.

BIOTECH : Basilea has significantly reduced its loss in 2013. She came to CHF 33 million , against 53 million a year earlier . At the end of the year, cash and other financial resources of the biotechnology laboratory in Basel were part 273.9 million , 70.1 fewer than in 2012. The operating loss also decreased to 33 million against 50.8 million in 2012. Its revenues for its part registered 41.4 million francs, against 58.9 million in 2012. This decrease was partly due to an agreement with the company Stiefel for treatment.

FED: The new President of the Central Bank of the United States ( Fed ), Janet Yellen , defended Tuesday " continuity " of monetary support the U.S. economy , noting that the recovery in the labor market remained " incomplete ." " I expect a great deal of continuity in the approach to monetary policy," she said before a U.S. congressional committee in its first report to the head of the Fed.

BANK : Back in the green last year , the British banking giant Barclays will have to cut its workforce in the sickle while spoiling its star bankers. It is thus immediately attracted strong criticism. Antony Jenkins, the CEO of the bank shaken by a series of scandals including the manipulation of Libor interbank rate in 2012, said Tuesday the elimination of 10,000 to 12,000 additional jobs this year. Of these, 7,000 positions will disappear in Britain .

ECONOMIC FORECAST : The OECD acknowledged underestimating the magnitude of the economic crisis between 2007 and 2012 , and suggests ways to improve its forecasts in the future. In a report it calls " post mortem " on the crisis , the Organization for Economic Cooperation and Development , the growth forecasts are among the most followed in the world, for example, writes that " when the financial crisis broke , the forecasts have been revised downwards systematically and fast. However, actual growth rates have still been significantly lower than expected . "

Friday, March 7, 2014

▪ When philosophers say that " Fear is the enemy of reason" - an axiom that applies to both investment and our private lives - they are still below the truth.

Therefore, the concept of " fair price" never exists for financial and real estate markets, the fear of losing is always in competition with the fear of missing the rise.

Human fear is one of the phenomena that has allowed so many quality assets - like gold - to collapse during the past decade ... because of fear, there are many in the current period , which makes it attractive to many markets.

However, we believe that sooner or later gold will resume the upward path . At this time, you will see that many investors will be scared to miss his ascension !

Why ?

Just because our planet is now completely deregulated economically with sovereign debt . They no longer have a choice: we must make use of massively printing money .

__________________________

Accumulation of taxes, conflicting measures, financial repression ...
It is time to act !
TAKE YOUR HAND ON THE IFCS

Find out how you can save thousands of dollars on your tax bill , effectively and legally : follow the specialist ...

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▪ Consider the example of Japan
The country comes to print hundreds of billions to lower the yen's value and to better export.

Result: The Japanese stock market rises again as a part of those billions from the printing happens on financial and real estate markets which eventually gone back up.

The people who will pay for the crisis are those who put their money at 2% or 3 % with actual inflation more important ... not to mention insecurity deposits , where investors borrow will be increasingly winners with the depreciation of the value of their loans.

Does this mean that everything is now finally settled at international level?

Nothing is less certain! Indeed, if the United States, China and Japan have already printed hundreds of billions of paper money , Europe , she has printed that EUR 1,500 billion for the moment , where need at least 6000 .

But do not complain ... Initially , the Germans did not want to print even a few cents - but they had no choice, because when threatening to bankrupt state must act quickly !

▪ What to say about the market yesterday ? Not much , my faith. The statistics were not hair-raising , the Fed did not ad -shattering , the ECB has not proclaimed breathtaking action ... and U.S. markets remained in bed, Martin Luther King Day forcing .

The CAC 40 has stood still , with a decline of 0.11 % on the day , to 4 322.68 points, only two billion traded . Not better in London, where the FTSE finished on a strictly equal score, 0.11 %, while the DAX in Frankfurt fell by 0.28% .

Since markets do not have a lot of opportunities , let's look at another aspect of the investment - taxes ... or rather taxation !

François Hollande beautiful game that taxes have become " too heavy " and a tax break is the program ... it gives with one hand and takes with the other .

Look for example real estate : land transfer will undergo an increase of not less than 10% in a few weeks , from 7 % to 7.70 % on 1 March 2014. This concern overcharged transactions signed after this date ... even the promise of sale was passed in 2013 !

▪ Worth Tax clubs
Philippe Béchade Pitbull explained to readers that " this new tax truncheon blow timely since the number of transactions of the former was already in freefall in 2013. Was time to give the coup de grace to a property market dying to end suffering ! There was an urgent need désolvabiliser a little more first-time buyers (now already very rare ) in order to permanently lock in the cozy status (co) locataires.L State ensures that the candidates to the property - and not happy heirs - will no longer disturb their banker to finance an unexpected extension after already difficult to obtain mortgages they prefer waive any transaction if the seller does not agree to make a move for the buyer to honor its envelope out . "

" Curiously enough, I think that person Bercy has never established a link between the inexorable rise in the cost of housing and the greed of the state," continues Philippe . " [ The state ] levies a tithe increasingly exorbitant when a real estate transaction is concluded ( because the higher the rate of rotation of a well accelerates plus tax mechanically explode price ... 50% after six disposals / acquisitions and now after 5.5 ) . perhaps the brightest who excel in the art of puncturing we have a housing function and therefore have no idea of the impact of taxes they concoct the purchasing power of the taxpayer or lambda activity in the housing sector as a whole . "

" Let their most concrete thing : an apartment worth 400,000 euros 428,000 euros returned after transaction costs under the old system , the same property will cost 431,000 euros integrating enhancement tax and VAT on the deed. And hop, 3,000 euros more that have cost the ink needed to print the decree of implementation. Say, it's better than the stock market in fact! "

"Now," contlue Philippe , " beyond the urgent need for recipes that taps the state ( he missed 14 billion euros from the assumptions on which was built the 2013 budget , the fault to an absent growth) order occult is it not euthanize real estate as an investment vehicle ? "

After the exchange, life insurance , attempts on the PEA , real estate now ? Savings of French is too good for our leaders resist the temptation to draw to fill their empty drawers.

Except that it goes a little further than just emergency bailout . For thus , politicians also make sure to keep their citizens in dependence : the more it is difficult to be you yourself retirement savings, home equity , a legacy for your children ... the more you need the Government to meet your needs ... and more likely they are to be re-elected.